Even Forbes Says Romney’s Plan Would Raise Taxes on the Middle Class by $1 Trillion

Posted by icarus on 20 Oct 2012 / 0 Comment


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The headline from Forbes says it all: If Romney Cuts Taxes For The Rich By 20%, He Will Have To Raise Taxes For The Middle Class By $1 Trillion. This is FORBES people … FORBES. And they’re being generous. I think the math is even simpler than they make it out to be … according to the Tax Policy Center – Romney’s plan will raise taxes on the middle class by $3.7 trillion HERE. But the bottom line is this … EVERYONE … conservatives and liberals alike recognize that Mitt Romney is lying about his tax plan. And yet – Americans across the country are going to vote for him simply because he has an R next to his name and he’s not the black guy.

They write HERE:

First the $5 trillion in tax cuts which reduces the income tax on the wealthy by 20%($2.5 trillion), eliminates the Alternative Minimum Tax($700 billion), repeals the high-income payroll tax($300 billion) and hands out a juicy $1 trillion tax cut for corporations. They’re like people you know. Nice clean math. Nice big figures with a lot of zeroes.

Then, comes the problem, the headache, or maybe its the head fake. No identification of a single loophole that will be closed. No concrete exposition about raising the capital gains tax on rich people. Our friends at the Democratic Party headquarters have estimated the savings for “ending all tax benefits for the wealthy” at $1.7 trillion; eliminating ALL corporate tax benefits to offset the corporate tax cut- $1.1 trillion and then another $1 trillion of middle class tax benefits to pay for the middle class cut=- another $1 trillion.

Imagine the chaos, the bitterness, the social unrest that would occur. But, then realize these measures only get back $4 trillion. There’s another $1 trillion to go.

Let’s just look at all the people and institutions who have called Mitt Romney’s plan a complete fantasy:

Paul Krugman says Romney “is just faking” his plans HERE; in other words – Romney is just making sh-t up.
The Salt Lake Tribune endorsed Obama over Romney saying “Romney is willing to say anything to get elected” HERE.
A large margin of economists prefer Obama over Romney for just about everything HERE.
The Congressional referee – the Joint Committee on Taxation says Romney’s plan is impossible HERE.
The former McCain economic adviser and current chief economist for Moody’s says the arithmetic “doesn’t work” HERE.
Politifact says Romney’s claim that 5 independent studies corroborate his math is “mostly false” HERE.
A Fox “journalist” actually says “How can you not tell the people these facts” HERE.
An independent study by the Brookings institution says Romney’s tax plan isn’t mathematically possible HERE.
Factcheck.org says his math is impossible in Romney’s Impossible Tax Promise.
I’ve given a very simple explanation that Romney’s plan will in fact cut taxes for the wealthiest Americans HERE.
The Tax Policy Center says Romney’s plan is a $5 trillion tax cut which would give anyone making more than $1 million a year at least an $87k tax cut HERE.
Bill Clinton says Romney’s tax math is impossible HERE.
Fox’s Chris Wallace calls out the Romney campaign for their math HERE.
The Council on Foreign Relations says “there is a $1 trillion hold in Romney’s budget math” HERE.

Who else do you need to verify this plan to understand the only possible scenario is an increase in taxes for the middle class; the math is simply impossible.

Read more: http://www.classwarfareexists.com/even-forbes-says-romneys-plan-would-raise-taxes-on-the-middle-class-by-1-trillion/#ixzz29trKYSMJ
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The math for his plan just never seems to come out like he says it will eh?

The republicans will not be happy until we are all serfs and they are Lords.

The thing is that he's NOT cutting taxes for the rich.

If Romney defunds or under-funds Obamacare so it is impotent that alone will save me money!

Do you have insurance now?

Just wondering

scrap Obamacare and adopt the Swiss Healthcare System!
Will save you money and improve Healthcare!


But Obamacare isn't about Health-Care!
It's about total Control by Government over Doctors and other Healthcare Workers!

"Experience and the law of unintended consequences suggest the "Patient Protection and Affordable Care Act" will neither protect patients nor make health services affordable. Actual caring will resemble that of the U.S. Postal Service. Services will be rationed and denied in arbitrary manner after long waiting, as in other countries with government health systems. Advocacy groups will institute something like a 'disease-of-the-month-club,' to apply political pressure to cover various conditions. In short, decisions which ought to be made by patients and physicians will instead be made by cold, distant bureaucracies. Switzerland has a market-based system which works. Care there is as good as in the US at 58% of the per capita cost. Such a system was not even considered here, because the goal is government control, not accessible, affordable or quality care." Steve C. MD


The Liberty and Freedom Foundation
OBAMACARE DESIGNED TO CREATE 21 MILLION UNION JOBS - Well we now know why Obama was in such a rush to Socialize America's health care industry...because his union buddies wanted to snatch up health care workers into their machine. It is all about money. It seems a deal was struck between Obama and Dennis Rivera of the SEIU, who later became Obama’s point man in putting together the coalition to pass ObamaCare. A new book reveals their plot and why it was so important to pass Obamacare for the SEIU. Currently only 10% of healthcare workers are unionized, under Obamacare, a joint labor-management training and job placement initiatives, and consortiums involving nursing school, community colleges and worker organizations [i.e., labor unions] are going to be pushed, which forces unionization. For every million additional health care workers unionized in the 27 non-right-to-work states, the unions would reap $1 billion in dues. So it was all just about money!! Unbelievable. But that is the real Barack H. Obama.
Hooddah Thunkit?

Besides,didn't Romney say he were going to cut Taxes across the Board?
How will that become raising Taxes on the Middleclass?

Most Libs who post in here, even though they don't work, say they would happily pay more taxes.